What is the benefit of having "Stakeholders" involved in the project?

Involving stakeholders in a project provides essential oversight and feedback, which are crucial for the project's success. Stakeholders typically have a vested interest in the outcomes of the project, and their insights can help shape the direction of the work. They can offer valuable perspectives based on their experience, ensuring that the project aligns with broader organizational goals or customer needs.

Additionally, stakeholder feedback can help identify potential issues early, allowing project managers to address concerns before they escalate. This engagement creates a collaborative environment, fostering buy-in and support from various parties, which ultimately enhances the quality of the project. Stakeholders that are involved throughout the lifecycle of the project can contribute significantly to adjustments and improvements, making their role pivotal rather than merely advisory at the end.